It’s no joke: the state sales tax goes up tomorrow. What will that mean for car sales and local government? Will California get as much new revenue as the Governor says it will? On our rebroadcast of today’s To the Point, cozy relations between Wall Street and Washington make the US look like Argentina, Russia and Indonesia. So says a former chief economist for the International Monetary Fund. We talk to him about “financial oligarchs” with too much political power.
How Will Increased Sales Tax Affect Car Sales in California?
From this Episode:
Is the US Becoming a Banana Republic?
Argentina, Indonesia, Russia and other so-called “emerging economies” have followed a pattern that’s all too clear to officials of the International Monetary Fund....
24 min, 48 sec